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Alibaba beats as its user base sees big growth (BABA)

Alibaba's fourth-quarter results beat on both the top and bottom lines. The e-commerce giant sees full-year revenue of over 500 billion Chinese yuan. Analysts surveyed by Bloomberg were expecting full-year revenue of 509 billion yuan. Shares were up about 1% ahead of Wednesday's opening bell. Watch Alibaba trade live. Alibaba on Wednesday morning posted fourth-quarter results that topped Wall Street estimates, but gave disappointing full-year revenue guidance. Shares were up about 1% ahead o...
Tags: China, Trends, Tesla, Bloomberg, Alibaba, Taobao, Baba, Daniel Zhang


Alibaba returns to growth with revenue up 51% to $13.9 billion

It’s business as usual for Alibaba after the Chinese e-commerce giant bounced back from a lackluster Q3 — which saw its slowest growth for three years. For Q4, the company saw revenue surge 51 percent year-on-year to reach 93.5 billion RMB, or $13.9 billion. That revenue beat analyst expectations of 91.5 billion RMB, according to Barons, and net income came in at 23.38 billion RMB, or $3.48 billion. Alibaba positions itself as the gateway to Chinese consumers, and it continues to grow. The compa...
Tags: Startups, Asia, China, Southeast Asia, Digital, E-commerce, Ceo, Economy, Alibaba, Tencent, Alipay, Alibaba Group, AliExpress, Idc, Online Marketplaces, Taobao


Tech We’re Using: Capturing What’s Online in China Before It Vanishes

It’s important to preserve snapshots of China’s internet before they vanish without a trace, says Raymond Zhong, a Times tech reporter in Beijing.
Tags: News, China, Times, Taobao, Wayback Machine, Karaoke, Alibaba Group Holding Ltd, Computers and the Internet, Mobile Applications, Raymond Zhong


U.S. slams Alibaba and its challenger Pinduoduo for selling fakes

China’s biggest ecommerce company Alibaba was again on the U.S. Trade Representative’s blacklist over suspected counterfeits sold on its popular Taobao marketplace that connects small merchants to consumers. Nestling with Alibaba on the U.S.’s annual “notorious” list that reviews trading partners’ intellectual property practice is its fast-rising competitor Pinduoduo . Just this week, Pinduoduo founder Colin Huang, a former Google engineer, wrote in his since listing the company that his sta...
Tags: Google, Ecommerce, Asia, Government, China, Tech, E-commerce, Online Shopping, United States, Shanghai, Alibaba, JD.com, Alibaba Group, Online Payments, Online Marketplaces, Taobao


US slams Alibaba and its challenger Pinduoduo for selling fakes

China’s biggest e-commerce company, Alibaba, was again on the U.S. Trade Representative’s blacklist over suspected counterfeits sold on its popular Taobao marketplace that connects small merchants to consumers. Nestling with Alibaba on the U.S.’s annual “notorious” list that reviews trading partners’ intellectual property practice is its fast-rising competitor Pinduoduo . Just this week, Pinduoduo founder Colin Huang, a former Google engineer, wrote in his since listing the company that his ...
Tags: Google, Ecommerce, Asia, Government, China, US, Tech, E-commerce, Online Shopping, United States, Shanghai, Alibaba, JD.com, Alibaba Group, Online Payments, Online Marketplaces


Alibaba marketplace stays on US government piracy blacklist

WASHINGTON (AP) — Chinese e-commerce giant Alibaba Group remains on the U.S. government’s annual list of “notorious markets” that peddle counterfeit products. The Office of the U.S. Trade Representative says that Alibaba’s on-line marketplace Taobao.com continues sell “high volumes” of pirated goods, according to companies that say they’ve been victimized. It also says Alibaba has […]
Tags: Business, News, Washington, US, Ap, Nation, Alibaba, Alibaba Group, Taobao, Office of the U S Trade Representative


Alibaba will let you find restaurants and order food with voice in a car

Competition in the Chinese internet has for years been about who controls your mobile apps. These days, giants are increasingly turning to offline scenarios, including what’s going on behind the dashboard in your car. On Tuesday, Alibaba announced at the annual Shanghai Auto Show that it’s developing apps for connected cars that will let drivers find restaurants, queue up and make reservations at restaurants, order food and eventually complete a plethora of other tasks using voice, motion or tou...
Tags: Apple, Android, Startups, Transportation, Asia, China, Beijing, Automotive, Shanghai, Alibaba, Tencent, Alipay, Alibaba Group, Baidu, Operating System, Operating Systems


Singapore Startup Scores $45 Million Investment

Rakuten Capital and EV Growth are leading the investment round for ShopBack, which offers cashback and other rewards for a plethora of names from Airbnb and Foodpanda to Booking.com and Alibaba’s Taobao. The Singapore-based startup, which has partnered with Visa and Mastercard, will use the capital to build up a data platform that provides merchants with insights into consumers, it said in a statement. ShopBack, backed by the likes of SoftBank Ventures Asia, said it handled close to $1 billion...
Tags: Science, Singapore, Alibaba, Airbnb, Mastercard, Taobao, Rakuten Capital, SoftBank Ventures Asia, Singapore Startup Scores


ShopBack Wins $45 Million in Round Backed by Rakuten, EV Growth

Rakuten Capital and EV Growth are leading the investment round for ShopBack, which offers cashback and other rewards for a plethora of names from Airbnb and Foodpanda to Booking.com and Alibaba’s Taobao. ShopBack, backed by the likes of SoftBank Ventures Asia, said it handled close to $1 billion in sales for some 2,000 merchants in 2018.
Tags: Science, Alibaba, Airbnb, Rakuten, Taobao, Rakuten Capital, SoftBank Ventures Asia


Singapore Startup Scores $45 Million in Rakuten-Led Investment

Rakuten Capital and EV Growth are leading the investment round for ShopBack, which offers cashback and other rewards for a plethora of names from Airbnb and Foodpanda to Booking.com and Alibaba’s Taobao. The Singapore-based startup, which has partnered with Visa and Mastercard, will use the capital to build up a data platform that provides merchants with insights into consumers, it said in a statement. ShopBack, backed by the likes of SoftBank Ventures Asia, said it handled close to $1 billion...
Tags: Science, Singapore, Alibaba, Airbnb, Rakuten, Mastercard, Taobao, Rakuten Capital, SoftBank Ventures Asia, Singapore Startup Scores


Ruhnn, a Chinese startup that makes influencers, raises $125M in U.S. IPO

Ruhnn, a company that enables influencers to sell through ecommerce and is plotting to change the faces of China’s fashion industry, has raised $125 million after it listed on the Nasdaq on Wednesday. The company sold 10 million American Depositary Shares at $12.5 a pop, the midpoint of its expected range. In an earlier filing with the U.S. Securities and Exchange Commission, the Alibaba-backed firm targeted to raise $200 million from its initial public offering. While big brands in the U.S. are...
Tags: Ecommerce, Asia, Entertainment, China, Marketing, US, Social Media, Tech, E-commerce, KoL, Alibaba, Tencent, WeChat, Online Marketplace, Manufacturing, Alibaba Group


Alibaba strikes $700m deal to gain stronghold in China's delivery sector

Alibaba’s plans to dominate China’s delivery sector received a boost after the e-commerce giant struck a $693m (£530m) deal with courier company STO Express. The investment will see Alibaba take a 14pc stake in STO, which it has called “one of the top five express delivery companies in China”. Alibaba has backed a string of domestic businesses specialising in logistics and delivery, including YTO Express Group, Best Inc and ZTO Express, which it led a $1.4bn investment in back in 2018. The compa...
Tags: News, China, Beijing, Xi Jinping, Alibaba, Taobao, STO, Cainiao, ZTO Express, STO Express, China Logistics, YTO Express Group Best Inc, EOA Alibaba


Alibaba challenger Pinduoduo is bringing imported goods to rural homes

Pinduoduo, the latest challenger to China’s ecommerce dominators Alibaba and JD.com, wants to bring affordable, imported items to shoppers in China’s smaller cities and rural areas. The three-year-old Tencent-backed ecommerce upstart is recruiting importers to set up shop on its marketplace, shows a message on its website. The business is known for offering cheap, sometimes counterfeit goods that initially appealed to users from the less prosperous parts of China but have gradually garnered m...
Tags: Amazon, Ecommerce, Asia, China, Tech, E-commerce, Beijing, Alibaba, JD.com, Amazon China, Tencent, WeChat, Alibaba Group, Hangzhou, TechCrunch, Online Marketplaces


Alibaba Buys 8% Stake in Chinese Video Platform Bilibili

Alibaba has purchased an 8% stake in the Chinese online video platform Bilibili, the official Xinhua news agency reported. Bilibili is one of China’s top video streaming and entertainment platforms, with about 92 million monthly active users and 450 million page-views per day. Founded in 2009, it was listed on the NASDAQ last March. Alibaba’s […]
Tags: Asia, News, China, Global, Alibaba, Tencent, Alibaba Group, Taobao, Xinhua, Bilibili


Alibaba takes an 8% stake in Tencent-backed anime streaming site Bilibili

Ecommerce giant Alibaba is continuing its push into the world of youth culture after it scooped up an 8 percent stake in anime streaming and game publishing company Bilibili. According to a securities filing on Thursday, Alibaba’s Taobao marketplace has acquired about 24 million shares in Bilibili, the Shanghai-based firm that has captured 93 million monthly users from hosting licensed anime titles, video games and user-generated content. The financial gesture is hot on the heels of a partners...
Tags: Asia, Entertainment, China, Tech, E-commerce, Animation, Shanghai, Alibaba, Tencent, Alibaba Group, iQiyi, Baidu, Online Marketplaces, Taobao, Video Hosting, Chen


Digital in 2019: Global Internet Use Accelerates

We Are Social and Hootsuite’s latest collection of Global Digital 2019 reports reveals that internet users are growing by an average of more than one million new users every day, with all of the original ‘Next Billion Users’ now online. The number of people using the internet has surged over the past year, with more than one million people coming online for the first time each day since January 2018. It’s not just internet users that have been growing either, as the extensive new collection...
Tags: Google, Amazon, Facebook, Twitter, Japan, UK, Africa, Marketing, Digital, US, Social Media, Seo, Snapchat, Voice, Alexa, Taobao


Alibaba’s alternative to the app store reaches 230M daily users

WeChat isn’t the only one doubling down on lite apps. Ever since China’s messaging titan introduced “mini programs” two years ago, a handful of its peers including Alibaba and Baidu have followed with their own manifestations. Alipay, the payments solution affiliated with China’s ecommerce juggernaut Alibaba, today announced it surpassed 230 million daily active users and 12 million lite apps. For some context, Tencent’s WeChat said it topped 200 million daily users and one million mini ap...
Tags: Apple, Apps, Asia, China, Tech, Alibaba, Tencent, WeChat, Mobile Payments, App-store, Alipay, Payments, Alibaba Group, Ant Financial, Baidu, Financial Services


Indonesian e-commerce unicorn Bukalapak raises $50M

The chances are you may be familiar with Tokopedia, especially after it commanded a $7 billion valuation last November when it raised $1.1 billion from investors like Alibaba and SoftBank’s Vision Fund, but fewer people outside of Indonesia are aware of another sizable local online retail unicorn: Bukalapak. Smaller than Tokopedia in size, the company is valued at $1 billion — it became Indonesia’s fourth unicorn one year ago. The country, which is Southeast Asia’s largest economy and has a popu...
Tags: Fundings & Exits, Ecommerce, Asia, Indonesia, Southeast Asia, Softbank, Funding, Insurance, Tech, E-commerce, Economy, Alibaba, Alibaba Group, Ant Financial, Sequoia, Online Marketplaces


Bilibili Strikes Merchandise Deal With Alibaba’s Taobao

Bilibili, the Chinese online platform with a strong focus on anime, comics, and games, has struck a deal with Taobao, the largest e-commerce division of Alibaba. The two-pronged deal covers merchandise driven by Bilibili, and joint efforts to expand Bilibili’s IP. The two companies will jointly develop an ecosystem that connects content creators, merchandise and […]
Tags: Asia, News, China, Global, Alibaba, Taobao, Bilibili


How Brands Like Influenster And Taobao Are Educating Consumers With Video Content

Shoppable online video provides engaging and easy-to-consume means to educate consumers about products and services, as well as connects them with industry experts via social media
Tags: Trends, Taobao


Indonesia e-commerce leader Tokopedia raises $1.1B from Alibaba and SoftBank’s Vision Fund

Indonesia-based e-commerce firm Tokopedia is the latest startup to enter the Vision Fund after it raised $1.1 billion led by the SoftBank megafund and Alibaba. SoftBank and Alibaba are existing investors in the business — the Chinese e-commerce giant led a $1.1 billion round last year, while SoftBank recently transitioned its shareholding in Tokopedia to the Vision Fund. That latter detail is what held up this deal which had been agreed in principle back in October, TechCrunch understands. To...
Tags: Fundings & Exits, TC, Ecommerce, Asia, Business, Indonesia, Saudi Arabia, China, Southeast Asia, Softbank, Funding, Tech, E-commerce, Economy, Alibaba, Korea


How AI Is Intruding Into the Commerce World

Shopping has clearly outgrown its traditional definition, morphing into a sophisticated customer journey. Modern consumers expect retail to offer them more than just the act of a purchase. In pursuit of exquisite experiences, AI-enabled products and services are fitting in extremely well.  New Retail, introduced by Alibaba founder Jack Ma, is gaining momentum as an amalgamation of the best practices of AI. It empowers customers to acquire the most out of each retail excursion as if they wer...
Tags: Business, China, Sales, E-commerce, Nasa, Artificial Intelligence, Alibaba, New Zealand, Retail, Jack Ma, Ali, Alice, Taobao, Alibaba Alibaba, Assc, E-retailing


Innovation Roundup: Google, Rolls-Royce, Alibaba and Ibis Hotels

Welcome to brandchannel‘s first Brand Innovation Roundup, a recurring column that will highlight technology advances. In today’s edition, we look at Google’s Gingerbread Smart Home, Rolls-Royce’s autonomous passenger ferry, Alibaba’s haptic shopping aid for blind individuals and Ibis Hotels’ “Instagram sitter.” Google Gingerbread Smart Home Google has built a life-sized gingerbread home to showcase features of its Google Home Mini smart speaker. Shoppers in Toronto’s CF Eaton Centre can try th...
Tags: Google, Instagram, China, Advertising, Toronto, Intel, Alibaba, Switzerland, Finland, Vancouver, Taobao, Rolls Royce, Royce, Turku, Google Canada, Nauvo


Brand Innovation Roundup: Google, Rolls-Royce, Alibaba and Ibis Hotels

Welcome to brandchannel‘s first Brand Innovation Roundup, a recurring column that will highlight technology advances. In today’s edition, we look at Google’s Gingerbread Smart Home, Rolls-Royce’s autonomous passenger ferry, Alibaba’s haptic shopping aid for blind individuals and Ibis Hotels’ “Instagram sitter.” Google Gingerbread Smart Home Google has built a life-sized gingerbread home to showcase features of its Google Home Mini smart speaker. Shoppers in Toronto’s CF Eaton Centre can try th...
Tags: Google, Instagram, China, Advertising, Toronto, Intel, Alibaba, Switzerland, Finland, Vancouver, Taobao, Rolls Royce, Royce, Turku, Google Canada, Nauvo


Mogu’s long journey: From rejecting Alibaba’s advances to US IPO

Mogu, a Tencent-backed service that offers fashion content and products to young women, has joined a string of Chinese tech companies pressing ahead to sell their shares through initial public offerings in the US before the year-end. Mogu priced its sale at $14 per share on Wednesday, toward the lower end of a marketed range. That values the unprofitable company at $1.3 billion, a drop from the estimated valuation of $3 billion after Mogujie acquired its chief competitor Meili to form Mogu in 20...
Tags: TC, Ecommerce, Asia, Fashion, Pinterest, China, US, Tech, E-commerce, Alibaba, JD.com, Tencent, Alibaba Group, Online Marketplaces, Taobao, Chen


Alibaba-backed parenting site Babytree starts taking orders for downsized IPO

A lot of Chinese millennials may be delaying or opting out of childbearing, but those who have committed to parenting often go all out to ensure their children grow up healthy and do well in school. One company capitalizing on China’s booming mother and infant industry – which is expected to double in market valuation between 2015 and 2018 to top $520 billion, according to consulting firm Roland Berger – is Babytree. The Beijing-based firm started trading on the Hong Kong Stock Exchange on Tuesd...
Tags: Google, Ecommerce, Asia, Education, Yahoo, Ebay, China, Tech, E-commerce, Alibaba, Alibaba Group, Online Payments, Taobao, Wang, Didi, Fosun International


Walmart in China is now testing same-day grocery delivery from Dada via WeChat

Walmart has just begun testing same-day grocery delivery called Walmart To Go in one of its stores in China, months after the American retail titan expanded grocery delivery in its homeland. The service is accessed through a mini-program within WeChat – the Tencent-owned messaging platform Walmart partnered with earlier this year, in order to better reach its Chinese customers. The retailer hasn’t made a formal announcement about the same-day grocery delivery because the service is being t...
Tags: TC, Ecommerce, Asia, China, Tech, Walmart, E-commerce, Customers, Alibaba, Tencent, WeChat, Retail, Same-day Delivery, Grocery Delivery, Shenzhen, Taobao


11-11: Blinded by Consumerism

The “Double 11” (AKA “Singles Day”) Chinese shopping holiday has been over for 10 days, but I think this is still worth sharing. This ad by Tmall remains the best (unintentional) metaphor for “blinded by consumerism” that I’ve seen: The mask is in the shape of Tmall‘s logo, a cat. Tmall’s Chinese name is 天猫 , which literally means “Sky Cat,” but it seems like it was chosen based on the English name (“T” for Taobao, which owns Tmall, and “mao” sounds like “mall” to Chinese ears). It’s funny...
Tags: Shopping, Advertising, Marketing, Society, Culture, Language, Linguistics, Taobao, Tmall


Why the future of Chinese e-commerce is in its rural areas

Hugh Harsono Contributor Hugh Harsono is a former financial analyst currently serving as a U.S. Army officer. More posts by this contributor Television content creation in China Bank-based blockchain projects are going to transform the financial services industry China announced a mere 6.7 percent economic growth in July 2018, the lowest growth rate since 2016. Despite a slowdown in overall economic growth, Chinese e-commerce has o...
Tags: Ecommerce, Column, Asia, China, Tech, Alibaba, Taobao, Sichuan, U S Army, Shaanxi, China Bank, U S IPO, Civil Aviation Administration, Pinduoduo, Hugh Harsono Contributor Hugh Harsono


Alibaba's Singles Day made e-commerce history — but the numbers also suggest China's economy is cooling down (BABA)

Alibaba made e-commerce history on Sunday, recording $30.8 billion in sales in 24 hours at the its Singles Day celebration. But the annual growth rate dropped from 39% to 27%, the smallest gain in the event's 10-year history.  This comes as China, the world's second-largest economy, cools down amid deleveraging and ongoing trade tensions with the US. Watch Alibaba trade live. The Chinese e-commerce giant Alibaba's Singles Day event on Sunday  was the biggest  online-shopping day in history ,...
Tags: China, US, America, Trends, Alibaba, Mariah Carey, Jack Ma, Taobao, Trump, Cirque Du Soleil, Zhang, Baba, China Alibaba, Bloomberg Alibaba, Daniel Zhang, Jason Helfstein